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Market: ASX
Sector: General Mining - Gold
EPIC: TON
Latest Price: A$0.04  (0,00%)
52-week High: A$0.07
52-week Low: A$0.03
Market Cap: A$4.51M
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Triton Gold Limited
www.tritongold.com.au

Triton Gold (ASX: TON) is a mineral explorer and resource management company headquartered in Perth, Australia. The Company applies exploration techniques to geologically fertile areas in Australia and elsewhere in the world that enable quick and precise detection of the next generation of economic mineral resources.

 

They hold the rights to explore for gold on Poseidon Nickel’s Windarra project tenements (Laverton WA), which have historically had a nickel focus.

Full Triton Gold Limited profile here
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Triton Gold unveils Mineral Resource estimate for Windarra Tails Dam Project

15th Dec 2009, 9:43 am

Gold exploration company Triton Gold (ASX: TON) has released a maiden Mineral Resource estimate for its Windarra Tails Dam Project in the Laverton district of Western Australia.

The resource consists of an Indicated Mineral Resource estimate of 113,300 ounces of contained gold with an average gold grade of 0.78 g/t gold, reported in accordance with the Joint Ore Reserve Committee code.

Triton Gold Managing Director Greg Hall said the Windarra Tails Dam was a core focus for the Company.

“The project represents a potential for near-term cash flow, which may contribute funds to exploration programs being conducted elsewhere in the Yilgarn and Albany-Fraser Belt,” Mr Hall said.

“As a result, achieving this maiden resource today is an important stepping stone and builds confidence in the team’s ability to deliver.”

This Mineral Resource estimate is in broad agreement with the metallurgical reconciliation records of the discharged tailings containing 130,000 ounces with an average gold grade of 0.8 g/t.

Metallurgical test work is currently in progress to investigate the character of the tailings material and potential retreatment options.

The work is evaluating the recovery of other metals as well as gold.

The results of this test work will form the basis of preliminary operational and economic modelling to be reported in the Scoping Study, which is on-track for completion in February.

"Should the outcomes of the Scoping Study be positive, Triton Gold will look to commence a pre-feasibility study that will include further infill drilling to define a Measured Mineral Resource and Ore Reserve for the Windarra Tails Dam," Mr Hall said.

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